How to add the fixed allowance?
To add additions such as claim, allowance and Timesheet allowances follow these steps:
When referring to a "fixed allowance for salary," it generally means a predetermined or fixed amount of money provided to an employee in addition to their base salary. This allowance is typically provided to cover specific expenses or as compensation for certain conditions. Here are a few common types of fixed allowances related to salary:
Housing Allowance:
Some employees, especially those who need to live in specific locations for work, may receive a housing allowance. This is intended to assist with the cost of accommodation.
Transportation Allowance:
Employees may be given a fixed allowance to cover transportation costs, especially if they need to commute to work or travel as part of their job responsibilities.
Meal Allowance:
An allowance for meals may be provided to cover the cost of meals incurred while on business trips or during work hours.
Phone or Communication Allowance:
Some employees may receive an allowance to cover the costs associated with using their personal phones or communication devices for work-related purposes.
Education Allowance:
Companies may offer an education allowance to support employees pursuing additional education or professional development.
Step 01: Go to "Manage Settings" under "Admin" Module.
Step 02: In Payroll click the "Additions"
Step 03: Click on add new addition Type.
Product Version: SMEPayrollTM Version 11
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